The decision to downsize a home is often bittersweet. Many couples who downsize their homes do so after raising a family. A home might be filled with memories, but downsizing a home helps couples save more money, and that financial flexibility often allows them to more fully enjoy their retirement.

The following are a handful of factors homeowners should consider before downsizing.

Real estate market

The real estate market can be a seller’s friend or foe. Many sellers have a sale price in mind when they decide to sell their home, but the real estate market can be fickle, so homeowners should do their research before putting their home up for sale. When studying the real estate market, it’s also a good idea to study the market for smaller homes.

Furniture

When downsizing to a smaller home, many couples realize their current furniture is unlikely to fit into a smaller home.  Before deciding to downsize, consider your attachment to certain items that you may or may not be able to take with you to your new home.

Medical care

Many older men and women must also consider the effect that moving may have on their medical care.

Proximity to family

Before downsizing, consider if you’re willing to move further away from your family. If not, you likely can still find a smaller home in close proximity to your current home and any nearby family members.